Sword Health, a digital health company that works for Amnesty International, raised $ 40 million, rating of $ 4 billion, by 33 % The price of 3 billion dollars I just got a year ago. The financing was led by the returning investor, the catalyst.
Although Sword Health 10 -year -old is positive in cash flow, the CEO and his founder, Virgílio Bento, told Techcrunk that he chose to raise additional capital for two main reasons: to update the company’s evaluation, and he has easily available funds for strategic acquisition.
Sword Health, which started as a virtual natural remedy, has since expanded health and mental health services in the basin, previously from the general subscription in the short term. Bento TECHCRUNCH last year told the 2025 list a possibility.
Despite the recent successful subscriptions of the looks The health detailed and Umbaand Sword’s annual annual revenue rate is $ 240 million, bento reconsidates its subscription plans.
“It will be more late than everyone expects,” he said.
The goal of Penx, for Vinix, a professional intelligence career in the sword, to extend health care beyond muscle pain, muscle structure and pelvic floor care to many cases, such as cardiovascular care, digestive health, and speech treatment.
He said: “I want to deal with the public subscription when I have a lot of different proof points on a wide range in many different verticals – so perhaps 2028.”
In recent months, Bento has started what he calls a “educational trip” to learn about the management of a public company, and to speak with the chief executives from various public companies and bankers.
He said: “At the end of this education period, I realized that if you asked me why we should not be publicly subscribed, I can present to you 10 reasons. If you ask me why we should get to know the public subscription, I can’t find one reason.”
Bento is not convinced of the typical reasons for public subscription, such as building a brand or access to capital. He referred to IKEA and LEGO as examples of successful private companies, he said that strong startups are still being able The huge databricks raised 10 billion dollars.
Bento said that liquidity for employees and the first shareholders can be easily achieved for companies thanks to the secondary markets, adding that the sword is likely to make a tender offer next month.
Bento said the sword is expected to raise more capital next year. He even expects size and Evaluation of the company’s next financing round.
He said: “Last year, we raised 30 million dollars with a rating of $ 3 billion. This year, we did this year with $ 40 million at a price of $ 4 billion. I think you can imagine the type of increase that we will do next year, which may be 50 million dollars at a price of $ 5 billion.” “I love numerical symmetry. I think it’s fun.”
The last round reaches the total SWORD financing of $ 380 million. Among the other participants in the new round are Khosla Ventures, Comcast Ventures, Lince Capital, Oxy Capital, Armilar, Indico Capital and Shilling.
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